28 / 32
PETTY CASH AND BANK ACCOUNTS
NoK 322 507,- of the total cash at bank is restricted to meet the
liability arising from payroll taxes withheld.
ADVANCE
Advance invoices at the year end, related to 20 projects and
amounted to a total of NoK 6 823 076,-.
Pension liability and pension costs
The company has a pension plan that entitles its
members to defined future benefits, called defined
benefit plans.
Net pension cost is classified as an operating cost,
and is presented in the line item payroll and related
cost.
MACHINERY AND EQUIPMENT
Book Value 01.01.99
Added this year
Depreciations this year
Book Value 31.12.99
SALARY COSTS
Salary and holiday pay
Employers contribution
Other personnel costs
Total
Average number of employees in 1999 was 27
Salary to Managing Director in 1999
Fee to Chaiman of the Board in 1999
Fee to other Board members in 1999
Fees to the auditor for the auditing and other con-
sulting services NoK 34 800,-
PENSION FUNDS
The premium for the year, NoK 385 873,- is
charged to personnel costs. The yield from the pen-
sion premium fund of NOK 169 288,- is included
under financial income.
Value 01.01.99
Yield
Value 31.12.99
ACCOUNTS RECEIVABLE TRADE
Accounts receivables are included in the accounts at
face values. Unpaid accounts of NoK 158 880,- are
debited during year to the profit and loss account.
WORK IN PROGRESS
Work in progress carried out and costs incurred,
not invoiced at the year end related to 26 projects,
and costs incurred amounted to a total of
NoK 2 814 258,-
SHORT TERM INVESTMENTS
Unit trust
Vesta Grønt Norden
VESTA MILJØINVEST
Omega Etisk Sparefond
The Unit trust funds are valued at their purchase
cost, last year's write down of NoK 262 204,- is
reversed under financial income.
Bond
Buskerud Energi
1999 (NoK)
8 054 483,-
1 050 549,-
736 959,-
9 841 991,-
1998 (NoK)
6 254 458,-
799 525,-
1 001 042,-
8 055 025,-
350 427
118 326
182 708
286 045
NoK
NoK
NoK
NoK
153 355
169 288
322 643
NoK
NoK
NoK
No. of units
1 694,87
2 071,55
4 879,73
Market value
NoK
NoK
NoK
858 683,67
344 892,94
606 598,65
Purchase cost
NoK
NoK
NoK
600 000
300 000
598 010
Market value
NoK 999 174
Cash Flow Statement
1999 (NoK)
1998 (NoK)
CASH FLOW FROM OPERATING ACTIVITIES
RESULT OF THE YEAR
DEPRECIATION
CHANGES IN INVENTORY, ACC RECEIVABLES
AND ACC PAYABLE
EFFECTS OF CHANGES IN EXCHANGE RATES
AMOUNTS CLASSIFIED AS INVESTING/
FINANCING ACTIVITIES
CHANGES IN OTHER BALANCE SHEET ITEMS
NET CASH FLOW FROM OPERATING ACTIVITIES
CASH FLOW FROM INVESTING ACTIVITIES
PURCHASE OF TANGIBLE FIXED ASSETS
PURCHASE OF OTHER INVESTMENTS
NET CASH FLOW FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES
NET CHANGES IN BANK DRAFT
NET CASH FLOW FROM FINANCING ACTIVITIES
NET CHANGES IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS 01.01.99
CASH AND CASH EQUIVALENTS 31.12.99
1 779 998
182 708
-1 854 663
0
-262 204
-13 026
-167 187
-118 326
-1 499 174
-1 617 500
-1 784 687
-1 784 687
9 707 721
7 923 033
927 274
220 913
4 295 518
0
262 204
-133 554
5 572 355
-276 537
0
-276 537
5 295 818
5 295 818
4 411 903
9 707 721
530.000,-
37 000,-
100.000,-
NoK
NoK
NoK
2
3
4
5
6
7
8
9
NoK
Funding
Sources in 1999
1 500 000
3 000 000
4 500 000
6 000 000
7 500 000
9 000 000
0
36%
UNEP
8 741 868
International
organisations
5 200 939
Core funds
MoE Norway
4 000 000
MoE Norway
446 269
Norwegian
private sector
518 620
Norwegian public sector
including NORAD
2 961 000
Other Bilateral aid
agencies/public sector
2 575 000
21% 16% 12% 11% 2% 2%
Total (NoK) 24 433 696
(not subject to audit)